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200 Montrose Avenue, Brookl...

Updated Dec 4, 2024

Aly Elattal Acquires Multifamily Property On Montrose Avenue In Williamsburg, Brooklyn For $3.2M
SOLDMultiFamily

Aly Elattal Acquires Multifamily Property On Montrose Avenue In Williamsburg, Brooklyn For $3.2M

200 Montrose Avenue, Brooklyn, New York 11206, United States

$3,200,000

$1,965/SF

Building Size

1,628 SF

Asset Type

MultiFamily

Closing

Aug 8, 2022

About this deal

AI

A multifamily property located at 200 Montrose Avenue in Williamsburg, Brooklyn has been sold in a recent transaction. The property is zoned as R6 and has a total building size of 5,346 square feet. The sale price for the property was $3,200,000, resulting in a price per square foot of $598. The lot size is 2,200 square feet, with dimensions of 22 ft x 100 ft. The transaction took place on 08/09/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Address: 200 Montrose Avenue, Williamsburg, Brooklyn
  • Market: Williamsburg, Brooklyn
  • Zoning: R6
  • Building Size: 5,346 square feet
  • Price per Square Foot: $598
  • Lot Size: 2,200 square feet
  • Lot Dimension: 22 ft x 100 ft
  • Sale Date: 08/09/2022

Aly Elattal was the buyer in this transaction, while Anthony M Calogero was the seller. The property was listed under tax class 1 and has a floor area ratio (FAR) of 0.74. An alteration permit was issued for the property on 08/17/2015.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $2K per square foot on a published $3.2M for 1,628 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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